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Business News/ Markets / Stock Markets/  Hindustan Aeronautics Q4 Results announced, net profit down 8.8%
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Hindustan Aeronautics Q4 Results announced, net profit down 8.8%

Hindustan Aeronautics Q4 Results: Hindustan Aeronautics Ltd for the quarter ended March, reported a consolidated net profit down 8.8% on year of ₹2,831.18 crore from ₹3,105.17 crore in Q4FY22.

The Union government had in 2012 approved the sale of a 10% stake in Hindustan Aeronautics (HAL). Photo: MintPremium
The Union government had in 2012 approved the sale of a 10% stake in Hindustan Aeronautics (HAL). Photo: Mint

Hindustan Aeronautics (HAL) for the quarter ended March, reported a consolidated net profit down 8.8% on year of 2,831.18 crore from 3,105.17 crore in Q4FY22, and sequentially 

The company's consolidated revenue from operations rose 8.10% year-on-year to 12,494.67 crore from 11,558.23 crore in Q4FY22. 

For the Q4FY23, the company's consolidated total income rose 9.6% on year to 13,216.90 crore from 12,061.79 crore during the same period in the previous fiscal. 

The company's consolidate net profit increased by more than twofold from the 1,155 crore reported in the December quarter before, on a sequential basis. Quarter-over-quarter (QoQ), revenue increased by a whopping 120% as well.

In comparison to the 5,080 crore reported in FY22, the company's consolidated net profit for FY23 climbed 14% to 5,828 crore. The revenue from operations for the fiscal 2023 increased 9% to 26,927 crore from   24,620 crore in the previous fiscal. 

The state-owned defence giant's expenses for the March quarter increased 9% to 10,360 crore from 9,486 crore a year earlier.

The company recorded EBITDA (profits before interest, tax, depreciation, and amortisation) of 3,242 crore for the quarter ended March, up 29% from 2,495 crore in the same period last year.

 Margin for the March quarter increased to 25.9% from 21.6% a year earlier.

On the technical front, HAL shares were down 1.31% at 2,978 in Friday's afternoon NSE session following the results announcement. At 14:26 IST, the shares of the company on NSE were down 2.22% at 2,951.45 apiece. The stock so far, hit an intraday high of 3,033, and intraday low of 2,947.30.

However, the stock is near its 52 week high level. According to trendlyne data, the stock price rose 90.3% and outperformed its sector by 32.1% in the past year.

HAL shares drop by nearly 2% ahead of Q4 results, check details

 

 

 

 

 

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Published: 12 May 2023, 01:19 PM IST
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